The Democrats are saying they have figured out on how to tax billionaires and wouldn’t hurt the little players on the tax code. However, they fail to understand Economics 101: the problem is whenever you tax corporations, they simply implement it into their marketplace model and pass it down to the little guys like 90% of the rest of the population.
The Dow-Jones, Nasdaq and the S&P 500 are all up for the day. The Democrat moderates want 1 trillion while the Democrat progressives want 3.5 trillion dollar on the new spending bill (remember, the Republican Party has absolutely no input into this debate), but both are so far away from each other their doesn’t seem like any help is coming, and it’s going to be a cold winter if they can’t come together.